Posts Tagged ‘demand’

  • Halloween and Charitable Giving

    Halloween and That “Warm Glow”

    Nov 4, 12 • 1033 Views • No Comments

    With NJ kids trick or treating on November 5 because of Hurricane Sandy, they still have time to look at the Zillow Halloween Index. Zillow, the housing website, tells us that the biggest candy hauls come from more affluent neighborhoods that are somewhat......  [read more]

  • Gasoline prices add 9/10 at the margin

    A New Name for Price Gouging

    Nov 2, 12 • 666 Views • No Comments

    Yesterday, a friend of mine waited on a gas line for 3 hours to fill his tank. The price was close to normal but the line was not. Hearing about gas lines, I remembered when Boston’s water supply was temporarily undrinkable several years ago and......  [read more]

  • Big Macs and Currency Manipulators

    Oct 24, 12 • 677 Views • No Comments

    In China, a Big Mac costs close to the equivalent of $2.44. That same burger in the US is $4.20. The basic idea is PPP, purchasing power parity. The dollar can buy more when the yuan is undervalued. And President Obama and Governor Romney have both indicated......  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Nobel Matchmakers

    Oct 17, 12 • 816 Views • No Comments

    One of the first calls a new Nobel Prize winner might get is from Adam Smith, editor of NobelPrize.org. As you might expect, hearing his name, people initially wonder if the call is for real. Usually Mr. Smith does a quick interview and sometimes, if the......  [read more]

  • Looming Worldwide Pig Shortage

    Pork Problems

    Sep 28, 12 • 515 Views • No Comments

    Announcing the cancellation of this year’s bacon eating contest, Major League Eating (“the world body that governs all stomach-centric sports’) said,  “We cannot, in good conscience, allow [top ranked eater] Joey Chestnut to eat bacon......  [read more]